Swiggy is set to experience a notable enhancement in its market positioning following its recent Qualified Institutional Placement (QIP), with the stock expected to receive a 14 basis points boost in index weight. This development is anticipated to generate significant institutional interest and buying activity.

Index Weight Enhancement Details

The food delivery platform's index weight adjustment represents a meaningful development for institutional investors and index funds. The following parameters highlight the expected impact:

Market Implications

The 14 basis points increase in index weight is expected to result in substantial buying flow of USD 144.00 million. This adjustment typically occurs when companies complete significant capital raising exercises like QIPs, which can alter their market capitalization and subsequently their weightage in various indices.

QIP Impact on Stock Performance

The completion of the Qualified Institutional Placement has positioned Swiggy for this index weight enhancement. Such adjustments often lead to increased institutional participation as index funds and other passive investment vehicles adjust their holdings to match the new weightings. The expected USD 144.00 million inflow represents significant buying pressure that could support the stock's performance in the near term.

This index weight boost reflects the company's enhanced market standing following the successful completion of its QIP, demonstrating continued institutional confidence in the food delivery sector and Swiggy's market position.

Swiggy Limited has successfully completed its Qualified Institutional Placement (QIP), marking a significant milestone in the company's capital raising efforts. The food delivery and quick commerce platform completed one of the largest transactions in the Indian Consumer Tech space, raising ₹10,000.00 crores from qualified institutional buyers.

QIP Timeline and Pricing Details

The QIP was launched on December 9, 2025 and closed on December 12, 2025. Swiggy allotted 26.67 crore equity shares at ₹375.00 per share, representing a 4.00% discount to the floor price of ₹390.50 per share.

Following the allotment, the company's paid-up equity share capital increased from ₹2,49,36,46,892 comprising 2,49,36,46,892 equity shares to ₹2,76,03,13,555 comprising 2,76,03,13,555 equity shares of ₹1.00 each.

Strong Investor Participation

The QIP witnessed exceptional response with interest from 80 investors and final allocations to 61 investors, of which over 15 are new shareholders. The issue saw healthy participation across all pools of capital including Domestic Mutual Funds, Domestic Insurance Companies, Sovereign Wealth Funds and Foreign Institutional Investors.

Major participants included each of the top 10 mutual funds in the country including SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, Kotak MF, Mirae MF, Axis MF and Birla MF. Key global investors showed strong interest including Capital Group, Government of Singapore (GIC), BlackRock, Nomura Asset Management, Temasek, Fidelity and Goldman Sachs Asset Management.

Fund Utilization Strategy

Sriharsaha Majety, MD Group CEO, Swiggy Limited, stated that the strong response reflects deep confidence in Swiggy's business fundamentals and long-term value creation roadmap. The proceeds will be utilized for expansion of quick commerce fulfillment network including dark stores and warehouses, investment in technology and cloud infrastructure, brand marketing and business promotion expenses, and funding inorganic growth through acquisitions and general corporate purposes.

Transaction Structure and Advisors

The QIP represents the 2nd largest QIP by a non-banking company ever in India. Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited acted as Book Running Lead Managers. Cyril Amarchand Mangaldas served as Legal Counsel to the Company while AZB Partners and Latham & Watkins were Legal Counsels to the Book Running Lead Managers.

The successful completion provides Swiggy with substantial capital to strengthen core businesses, scale Instamart while maintaining financial prudence, and invest in innovation to continue delivering unparalleled convenience to its users.